TORONTO, April 25, 2018 /CNW/ - Beleave Inc. ("Beleave"
or the "Company") (CSE: BE; OTCQX: BLEVF) in reference to its previously announced Non-Brokered Private Placement dated
April 24, 2018, (the "Non-Brokered Offering") is pleased to announce that it has received
binding commitments for total proceeds of $5,000,000 at a price of $1.75 per unit. Subject to customary closing conditions, including CSE approval, the Non-Brokered
Offering is now expected to close on or about April 26, 2018.
"The company is pleased to welcome a new group of investors, bolster the treasury and add to the companies working capital for
future endeavours," commented Beleave CEO Andrew Wnek.
Each unit is comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase
warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common
Share of the Company at an exercise price of $2.25 for a period of 24 months from the date of
issuance of the Warrant, subject to accelerated expiry in the event that the ten-day volume weighted average price of the Common
Shares on the Canadian Securities Exchange (the "CSE"), or other exchange or quotation system where the Company's shares
are listed and where a majority of the trading volume of the Common Shares occurs, equals or exceeds $3.00.
About Beleave
Beleave Inc. is a biotech company and Beleave's wholly-owned subsidiary Beleave Kannabis Corp. (formerly First Access
Medical Inc.) is a licensed producer pursuant to the ACMPR. Beleave's purpose-built facility is located near Hamilton, Ontario.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities law ("forward-looking
statements"). The use of any of the words "plan", "anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and other similar words, or statements that certain events or conditions "may" or "will" occur are intended
to identify forward-looking information. These statements are only predictions. Although the Company believes that the
expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be
placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. These
risks and uncertainties include, but are not limited to, the Company's ability to satisfy the conditions associated with its
cultivation license, the Company's ability to obtain a sales license and the related timing considerations, the availability of
further financing, consumer interest in its products, competition, regulation, operational and technological risks, and
anticipated and unanticipated costs and delays. Since forward-looking information addresses future events and conditions, by its
very nature it involves inherent risks and uncertainties. This information speak only as of the date of this news release. Actual
results could differ materially from those currently anticipated due to a number of factors and risks including various risk
factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com .
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SOURCE Beleave Inc.
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